NaturalShrimp Inc (SHMP): Yes, I understand what a shelf offering...

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NaturalShrimp Inc (SHMP)

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Re: WebSlinger post# 93611

Monday, 03/29/2021 9:41:21 AM

Monday, March 29, 2021 9:41:21 AM

Yes, I understand what a shelf offering is, it's common practice.

I am also aware of their buying spree and Peter Najarian being on the board (I have read his book "How We Trade Options" co-authored with his brother).

They will have to sell shares in order to build out IA, TX, and pay for the acquisition(s) it's a given.

I do agree that dilution for the aforementioned purposes is positive however they have yet to prove that their tech works...

For the time being, I will sit and wait for this to continue dropping because dilution is imminent and will further erode the share price. Can't time the bottom but it will flatten out and then I will look to add a position.

This is all in my opinon

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